DoorDash Completes Reincorporation from Delaware to Nevada

Executive Summary

On September 18, 2026, DoorDash, Inc. filed a Current Report on Form 8-K under Item 8.01 (Other Events) announcing the completion of its corporate reincorporation from the State of Delaware to the State of Nevada (the "Nevada Reincorporation"), effective September 18, 2026, at 12:02 a.m. Pacific Time.

Key Terms & Structure of the Conversion

• Corporate Conversion: On September 17, 2026, DoorDash filed a certificate of conversion with the Delaware Secretary of State and articles of conversion with the Nevada Secretary of State pursuant to NRS Chapter 92A and Section 266 of the Delaware General Corporation Law (DGCL).
• Share Capital Conversion:
  • Each outstanding share of Delaware Class A Common Stock converted automatically into one share of Nevada Class A Common Stock (par value $0.00001 per share).
  • Each outstanding share of Delaware Class B Common Stock converted automatically into one share of Nevada Class B Common Stock (par value $0.00001 per share).
  • Stockholders do not need to exchange existing certificates or book-entry holdings.
• Equity Awards & Convertible Securities: All outstanding options, restricted stock units (RSUs), warrants, and equity-based awards automatically converted into rights to acquire an identical number of shares of Nevada Class A or Class B common stock under identical terms and vesting schedules.
• Listing & Trading: Shares of Class A common stock continue trading without interruption on the Nasdaq Global Select Market under the ticker symbol DASH.

Operational and Governance Impact

• Operational Continuity: The reincorporation causes no change in the company's business, management team, board of directors, employee headcount, properties, liabilities, or principal executive offices in San Francisco, California.
• Governing Law & Charter Documents: The company is now governed by Nevada corporate law (NRS Chapter 78), a new Nevada Charter, and Nevada Bylaws. New indemnification agreements were executed with directors and executive officers.
• Tax Treatment: Intended to qualify as a tax-free reorganization under Section 368(a)(1)(F) of the Internal Revenue Code.

Market & Trading Significance

This filing represents a legal and governance realignment rather than an operational or capital-raising event. While Nevada corporate law affords distinct protections and standards regarding director and officer liability and corporate governance compared to Delaware, the conversion does not dilute stockholders, alter equity balances, or impact financial fundamentals.